Construction
Plant Maintenance & Repair on Site
Recording the cost of repairing a breakdown of company-owned plant machinery on site.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Work-in-Progress (WIP — Plant Cost) | Asset (+) | 6,000.00 | - |
| Cash / Accounts Payable | Asset/Liability (-) | - | 6,000.00 |
💡 Accountant's Note
Routine maintenance on project-deployed plant is a direct project cost. Major overhauls that extend the plant's useful life would be capitalized into the asset.
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